Successful Transfer of Business

Congratulations to Andy Schmelzer for assisting with a successful business transaction of a community based residential facility (CBRF). We also want to congratulate the new owner of this profitable, well run CBRF/Assisted Living operation in southeastern Wisconsin. And, finally to wish the sellers best of luck in their retirement! This business opportunity was sold within

Begin with an Exit Plan

As a business owner, it’s never too early to think about an exit plan.  Reading the summary from the book Seven Habits of Highly Effective People, the author, Steve Covey says “begin with the end in mind.” One reason to have an exit strategy is it keeps you on task to grow your business, so

Successful Business Transaction of Greenhouse in Wisconsin

The confidential business offering #1025 was successfully transferred to a new owner last week!   This greenhouse business has been serving the area for over 25 years and the seller was ready to retire.   There were over eighty interested buyers looking at the business profile for this opportunity.   The Lakes Business Group sales rep was able

Owning a Business

Have you been thinking of buying a business?  From managing a business to marketing it, owning a business can be both exciting and overwhelming.  If you’re thinking of taking that step to start looking at ‘being the boss’ and owning a business, here are a few tips to help improve your chance to be successful.

Successful Business Transaction

The successful acquisition of a residential septic service company was completed last week. This business has been serving the local community and provides services in the septic pumping, cleaning and repair industry.  The original owner had started this business and has been operating it for over 25 years and he was ready to retire. The acquisition

Buying a Business with ‘Absentee Owner’

One of the VR agents in North Carolina wrote a newsletter article about a question he gets asked every week.  “Can you find me a nice absentee business I can buy?”   Below are the points he gave on why you don’t see many absentee businesses for sale. While it sounds good in theory, businesses generally

Bankers’ Objections in Business Acquisitions

A recent article from the International Business Brokers Association (IBBA) talks about the ‘Banker’s Dozen’ objections compiled from one of the top SBA lenders in the country.    To have a successful and timely closing, start discussing documentation needed and addressing concerns early in the process. Below are some of the due diligence items needed

Successful Business Transaction – Custom Cabinet Showroom

In January the successful business transaction of a custom cabinet shop in Wisconsin. The seller decided to sell now because the market was right. He knew he could get the value of the business in today’s market. This business sold within six months of the listing date. This business has both residential and commercial customers

Buying an Existing Business

Are you in the market to buy a business? Many baby boomers who own an established business are looking to retire. Many of these owners have grown the business but are realizing they don’t have the drive to expand and grow it.  And they may have the staff in place to run it and want

SOLD! Fabricator and Manufacturer of Stone Products

In December this long established fabricator of all type of natural stones and manufacturer of veneer stone products was successfully transferred to a new owner.    This business was on the market for nine months and had over fifty interested buyers.    Some of the highlights of this business: a very experienced and skilled professional